Daniel Smith Acquires 372 Shares of Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. (NYSE:SPG) Director Daniel Smith acquired 372 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the purchase, the director owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Simon Property Group Price Performance

SPG traded down $1.21 on Wednesday, reaching $222.44. The company had a trading volume of 1,297,539 shares, compared to its average volume of 1,767,284. The company has a market capitalization of $72.13 billion, a P/E ratio of 15.45, a PEG ratio of 4.11 and a beta of 1.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a fifty day moving average of $208.10 and a 200-day moving average of $196.77. Simon Property Group, Inc. has a one year low of $159.33 and a one year high of $228.57.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business posted $2.95 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is currently 62.54%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Scotiabank boosted their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. Citigroup lifted their target price on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Evercore set a $208.00 target price on Simon Property Group in a report on Monday, June 8th. Finally, Barclays lifted their price target on Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $211.47.

Hedge Funds Weigh In On Simon Property Group

A number of large investors have recently made changes to their positions in the business. PFG Investments LLC boosted its holdings in shares of Simon Property Group by 2.2% during the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 50 shares during the period. Great Valley Advisor Group Inc. lifted its position in Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 52 shares in the last quarter. Veridan Wealth LLC boosted its stake in shares of Simon Property Group by 1.2% during the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after buying an additional 53 shares during the period. CYBER HORNET ETFs LLC grew its holdings in shares of Simon Property Group by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 55 shares in the last quarter. Finally, Embree Financial Group grew its holdings in shares of Simon Property Group by 2.4% during the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

About Simon Property Group

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.